-
Both China’s domestic rebar production and stocks declined on week, partly due to the surge in demand after the weeklong National Day holiday in the first week of October, according to Mysteel’s weekly survey released on October 12.
-
China’s national average benchmark
price for the Q235B 3mm hot-rolled coil was Yuan 4,331/t ($625/t) including the
16% VAT as of October 12, or down Yuan 2/t from September 30, despite higher
sales during the period, Mysteel’s weekly survey on the domestic flat steel
market showed.
China’s HRC sales showed some
improvement over the past two
-
Stocks of the five most-consumed carbon steel products
held by Chinese steel mills – comprising rebar, wire rod, hot rolled and cold
rolled coils and medium plate – reversed down by 5.8% on week to 4.7 million
tonnes as of October 10, according to Mysteel’s latest inventory survey
published on October 12.
Among the five
-
Rebar inventories with Chinese steel mills continued to
accumulate for the second week over September 20-26, as
output were on the rise while demand from both traders and end-users was
sluggish, according to the few Mysteel’s surveys on the inventories as well as
mills’ operations.
Rebar output had been on a steady increase also for
-
China’s national benchmark price for
Q235B 3mm hot-rolled coil dropped Yuan 64/tonne ($9.3/t) on week to Yuan
4,338/t including 16% VAT as of September 28 mainly because of the pressure
from the mounting stocks both at the traders and steel mills, according to
Mysteel’s last weekly survey on the market before the National Day
-
Stocks of the
five major carbon-steel products held by China’s steelmakers and traders both
reversed up over the September 20-26 week, Mysteel found Friday. Chinese
traders and end-users of rebar, wire rod, hot-rolled and cold-rolled coils and
medium plate tempered their procurement as prices continued to hover at high
levels.
Mysteel’s
national average benchmark price for
-
The unwillingness of traders to buy steel, together with the downward trend in billet prices, pulled down rebar futures prices on the Shanghai Futures Exchange on Friday, investor sources noted. Behind the decline too was the accumulation of stocks, they added.
The most-traded SHFE rebar contract, that for January delivery, ended
-
Dampened buying enthusiasm from the Chinese steel traders and end-users over the
week saw the climb in rebar stocks at the 139 surveyed steel mills across China
to 1.76 million tonnes as of September 19, according to Mysteel’s latest survey
released on September 21.
The inventories at these mills
reversed up 12,800 tonnes or 0.7%
-
China’s national average benchmark price for
Q235B grade 3.0mm hot-rolled coil fell further by Yuan 12/tonne ($1.8/t) on
week to Yuan 4,402/t including 16% VAT as of September 21, partly as the traders’
efforts to attract more sales as the demand from downstream users seems
subdued.
However, the boost on the domestic sales from
lower prices
-
Domestic steel volumes held in inventory by Chinese traders started to contract during the week of September 13-19 after staying unchanged the previous week, according to Mysteel’s latest stocks survey published on September 20.
Over the survey period, steel inventories of the five mainstream steel products — rebar, wire rod, hot-rolled
-
Billet stocks in North China’s Tangshan thinned rapidly during the week of September 8-14, mainly because steel re-rollers stepped up procurement of the semis as market prices had retreated while orders from users were picking up, according to market sources on Monday.
Over September 7-13, billet inventories at two ports in
-
China’s national
average benchmark price for Q235B 4.75mm hot-rolled coil fell Yuan 31/tonne
($4.6/t) on week to Yuan 4,357/t including the 16% VAT as of September 14,
Mysteel’s latest weekly survey showed.
Pessimism weighed
on the market last week, a mood dampened by the spread of market rumors
suggesting steel mills among the "2+26” cities will
-
Chinese steel traders were of two minds in stocking up long finished steel as the domestic steel prices had been under the spell of the wrestling between bullish and factors in the domestic steel market, market sources shared on September 17.
Mysteel’s national average benchmark price for HRB 400 20mm dia
-
Stocks of the five major finished
steel products at the Chinese traders remaining largely unchanged while those
at the mills went down by 1.2% on week for the second week of September and
market trading enthusiasm stayed lukewarm, Mysteel understands from market
sources last Friday.
Over September 6-12, steel
inventories of the five mainstream steel products
-
China’s national
average benchmark price for Q235B 4.75 mm hot rolled coil increased by Yuan
20/tonne ($2.9/t) on week to Yuan 4,388/t including the 17% VAT as of September
7, Mysteel’s latest weekly survey showed. Respondents said sales were showing
some improvement while stocks were dwindling.
Meanwhile, over
the week, export offer prices for SS400
-
New rounds of capacity curtailments on Chinese
steelmakers are affecting output of rebars, the country’s
dominant carbon steel product. Production of these longs during the week of
August 31-September 5 reversed down 2.7% or 89,500 tonnes over the week to 3.2
million tonnes after expanding for two straight weeks, according to Mysteel’s latest production
-
Stocks of the five most-consumed carbon steel products
held by Chinese steel mills – comprising rebar, wire rod, hot rolled and cold
rolled coils and medium plate – thinned slightly over the past week, falling by
a tiny 0.5% on week to 4.3 million tonnes as of September 5, according to
Mysteel’s latest inventory
-
Rising transaction volumes of construction steel and the climb in billet prices propped up the rebar futures price on the Shanghai Futures Exchange on Friday, market sources said. Behind the increase too was the declining stocks of the long product among traders and mills, they said.
-
Rebar inventories at both the traders and mills in China continued to rise during the week of August 23-29 amid the weakening in buying enthusiasm with high prices, according to Mysteel’s latest surveys.
-
China’s national average benchmark price for Q235 grade 4.75mm hot-rolled coil dropped by Yuan 35/tonne ($5.1/t) on week to Yuan 4,368/t including 16% VAT as of August 31, snapping a five-week winning streak. Traders had noted the wait-and-see sentiment prevailing in the market amid the higher prices and so opted to lower their offers slightly, hoping to generate quick sales, market sources explained.
